Darby Court Apartments | ±34% Rental Upside 6640 Darby Ave 18 Unit Apartment Building $3,640,000 ($202,222/Unit) 5.51% Cap Rate Reseda, CA 91335

Lucrum is proud to present Darby Court Apartments, a well-maintained, garden-style multifamily investment opportunity built in 1963 and located at 6640 Darby Avenue in the heart of the San Fernando Valley neighborhood of Reseda, California.
This attractive 18-unit apartment community offers strong curb appeal and classic mid-century character, reflective of the era in which it was built. The property is thoughtfully landscaped and bordered by mature greenery and situated on a quiet, tree-lined residential street.
Darby Court Apartments appeals to a broad investor audience due to its attractive value metrics, strong in-place income, diverse unit mix, RUBS program, and excellent financing options. The investment further offers approximately ±34% rental upside, presenting meaningful value-add potential for the next investor.
The apartment units are bright and spacious, benefiting from generous natural light and spacious floor plans. Interiors offer ample cabinet and closet space, contributing to strong tenant appeal.
Select unit amenities include:
+ Air conditioning & heating
+ Dishwashers, stoves, and microwaves
+ Select renovated units featuring vinyl plank flooring and stainless-steel fixtures
Building amenities include:
+ On-site laundry room
+ Gated pool and lounge area
+ Remote-controlled gated entrance
+ 19 covered parking spaces, comprised of tuck-under and carport parking
The property is of wood-frame construction with a painted stucco exterior and a pitched composite shingle roof, consistent with the clean architectural lines of the period. Darby Court Apartments encompasses approximately ±16,282 square feet on a ±18,388 square-foot lot zoned LAR3.
A soft-story seismic retrofit was completed in 2020, further enhancing the asset’s stability and long-term appeal.
Darby Court Apartments stands as a true pride-of-ownership asset, offering immediate income with additional upside through strategic interior renovations and operational enhancements. While the property is already well-maintained, investors can further improve performance through targeted upgrades and continued rental growth.
Offered at $3,640,000, Darby Court Apartments represents a compelling opportunity to acquire a well-positioned multifamily asset in one of the San Fernando Valley’s most stable and consistently performing submarkets.
Darby Court Apartments is located in Reseda, California, centrally positioned within the San Fernando Valley and bordered by highly desirable submarkets including Encino, Tarzana, Warner Center, Lake Balboa, and Northridge.
The area offers an appealing balance of suburban comfort and urban accessibility. Reseda is a diverse, family-oriented community that continues to attract investors due to its consistent rent growth, low vacancy rates, and high barriers to entry.
The property boasts a Walk Score of 82 (“Very Walkable”), providing tenants convenient access to parks, schools, retail centers, restaurants, public transportation, and employment hubs. Nearby attractions include Reseda Park, a vibrant community and recreation center, as well as Lake Balboa Park, known for its scenic outdoor amenities.
Reseda remains relatively affordable compared to broader Los Angeles submarkets, making it increasingly attractive amid limited new supply and sustained renter demand. Major commercial corridors such as Reseda Boulevard and Victory Boulevard provide dining, shopping, and entertainment options, while proximity to Northridge and Encino further enhances tenant appeal.
Transportation access is excellent, with close proximity to the Metro G Line (Orange Line) at Reseda Station, multiple bus routes, and easy access to the 101, 405, and 118 freeways, allowing seamless connectivity throughout the region.


Location Highlights

+ Quiet, tree-lined residential street

+ One of the more affordable and desirable San Fernando Valley locations

+ Central access to Topanga Canyon Blvd. and major freeways (101, 405 & 118)

+ Adjacent to Warner Center, Tarzana, Encino, Lake Balboa & Northridge

+ Walk Score of 82 (“Very Walkable”)

+ Minutes to Northridge Fashion Center, Topanga Village & Westfield Topanga

+ Approximately 3 miles to California State University, Northridge (CSUN)

+ Convenient access to Metro G Line at Reseda Station